Burger King owner to buy Popeyes Chicken for $1.8 billion

According to sentiments of 9 analysts the mean estimates of short term price target for the company's stock is marked at $65.22. "The result is a transaction that delivers immediate and certain value to the Popeyes shareholders". Wedbush lowered Popeyes Louisiana Kitchen from an "outperform" rating to a "neutral" rating in a research report on Tuesday. TheStreet lowered shares of Popeyes Louisiana Kitchen from a "buy" rating to a "hold" rating in a research note on Friday, November 11th. The stock closed up by 12.61 at $78.73 on the highest volume of the year. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The most optimistic analyst sees the stock reaching $72 while the most conventional predicts the target price at $56. (NASDAQ:PLKI) in which Jefferies Maintains Popeyes Louisiana Kitchen, Inc. The company's 50 day moving average price is $61.73 and its 200 day moving average price is $57.38. The Company Touched its 52-Week High on Feb 21, 2017 and 52-Week Low on Feb 24, 2016. "(PLKI)" was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was stolen and reposted in violation of US and worldwide copyright and trademark law. The reductions were driven by a zero-based budgeting, or ZBB (starting each budget year with a blank slate) and refranchising company units (not a large opportunity at PLKI with 55 company store of 2,688).

In the last Quarter, Popeyes Louisiana Kitchen, Inc. The stock grabbed 29 new institutional investments totaling 312,340 shares while 24 institutional investors sold out their entire positions totaling 649,714 shares. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.42 by $0.02. In the same quarter previous year, the company reported EPS of $0.42. BlackRock Fund Advisors increased its stake in shares of Popeyes Louisiana Kitchen by 6.0% in the third quarter. Avenir Corp now owns 990,633 shares of the company's stock valued at $59,913,000 after buying an additional 3,369 shares in the last quarter.

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